Trade Agreements Answers

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What information did you include in your response? Check all that apply.

A
why the ITA believes trade barriers need to be eliminated
B
how fewer trade barriers may lead to increased incomes
C
how fair and free trade may help to solve global issues such as poverty
3

What is the main role of Enforcement and Compliance?

A
recruiting countries for future free-trade agreements
B
enforcing the conditions of free-trade agreements
C
regulating standards for goods exchanged under free-trade agreements
D
creating free-trade agreements
4

According to the passage, which phrases describe the purpose of the ITA? Check all that apply.

A
to assist US companies as they trade
B
to steer small- and medium-sized businesses away from exporting
C
to reduce levels of investment in trade
D
to help businesses to create exports
E
to create trade opportunities for US companies
5

Open this page. It describes what the FTA Tariff Tool is.How can using the FTA Tariff Tool help producers and consumers? Check all that apply.It allows businesses to request that tariffs not be applied to their products.It lists tariff rates, allowing businesses to plan for exports.It can tell businesses when future tariff rates will change.It can help business owners determine product prices to account for tariffs.It allows producers to see what countries will be entering FTAs.

A
It allows businesses to request that tariffs not be applied to their products.
B
It lists tariff rates, allowing businesses to plan for exports.
C
It can tell businesses when future tariff rates will change.
D
It can help business owners determine product prices to account for tariffs.
E
It allows producers to see what countries will be entering FTAs.
6

Now, read a final article about the ITA’s goal of creating fair trade.Based on what you have learned, why does the ITA believe that fair trade is important to US businesses and to the world?

Answer:

The ITA believes fair trade is important because it creates a level playing field for US businesses, allowing them to compete honestly, grow, and create jobs. Fair trade also supports economic development, cooperation, and shared prosperity around the world while protecting businesses and consumers from unfair trade practices.

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Trade Agreements Answers — HSA 26-27 Economics